Which Statement About Capital Market Research and Financial Statement Analysis

Multiple Choice

Which statement about capital market research and financial statement analysis is correct?

A) If share markets are inefficient financial analysis is of little use to investors.
B) Analysts relying on financial statement analysis assume that share markets are inefficient.
C) The evidence of share market research on the efficiency of the market is conclusive.
D) Little research has been carried out as to whether share markets are efficient or not.